EAAA India Alternatives IPO: Price Band, Lot Size, Financials & Review
EAAA India Alternatives IPO opens on Mon, 26 Oct 2026 and closes on Wed, 28 Oct 2026. The latest GMP is 0.
- Open Date
- 26 Oct 2026
- Close Date
- 28 Oct 2026
Last updated
- Price band
- Not announced
- Lot size
- —
- Min. investment
- —
- Issue size
- ₹1,200 Cr
- GMP
- 0
EAAA India Alternatives IPO details
EAAA India Alternatives IPO is a ₹1,200 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It is entirely an offer for sale (OFS): existing shareholders are selling their shares, and the company does not receive any of the money raised.
The issue opens on Mon, 26 Oct 2026 and closes on Wed, 28 Oct 2026. Allotment is expected on Thu, 29 Oct 2026 and listing on Mon, 2 Nov 2026.
MUFG Intime India Pvt Ltd is the registrar, and Axis Capital Limited, Motilal Oswal Investment Advisors Ltd, Jefferies India Private Limited and Nuvama Wealth Management Limited are the book running lead managers.
Grey market premium (GMP)
Day-wise GMP →The latest EAAA India Alternatives IPO GMP is 0 as of 20 Oct.
| Latest GMP | 0 |
|---|---|
| GMP vs upper band | — |
| Estimated listing price | — |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the EAAA India Alternatives IPO day-wise GMP.
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
Issue structure and valuation
It is entirely an offer for sale (OFS): existing shareholders are selling their shares, and the company does not receive any of the money raised.
Listed peers with positive earnings trade at a median P/E of 33.76x (9 companies).
| EPS (pre-issue) Latest earnings per share before the issue | ₹41.02 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | — |
| EPS (post-issue) EPS on the enlarged share capital | ₹49.93 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 95.03% |
| Promoter holding (post-issue) | 0.00% |
EAAA India Alternatives Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹786.54 Cr to ₹963.76 Cr, and profit after tax rose from ₹229.78 Cr to ₹265.2 Cr. The PAT margin for 31 Mar 2026 was 27.52%.
| Period ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 2,101.84 | 2,170.28 | 2,085.07 | 1,769.66 |
| Total Income | 336.13 | 963.76 | 786.54 | 584.25 |
| Profit After Tax | 80.71 | 265.20 | 229.78 | 175.16 |
| Net Worth | 1,160.38 | 1,075.54 | 966.45 | 729.48 |
| Reserve & Surplus | 1,128.24 | 1,043.40 | 934.31 | 480.64 |
| Total Borrowings | 399.20 | 441.03 | 507.49 | 444.83 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| ROE % | 28.96 | 25.97 | 27.10 | 27.30 |
| Debt / Equity | 0.34 | 0.41 | 0.53 | 0.61 |
| RoNW % | 28.96 | 25.97 | 27.10 | 27.30 |
| Pat Margin % | 24.01 | 27.52 | 29.21 | 29.98 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| EAAA India Alternatives Limited | 5 | — | 41.26 | 40.36 | 25.97% | 163.69 |
| 360 One WAM Limited | 1 | 35.67 | 30.16 | 29.19 | 14.39% | 242.17 |
| Aditya Birla Sun Life AMC Limited | 5 | 29.84 | 33.76 | 33.68 | 25.10% | 139.94 |
| Anand Rathi Wealth Limited | 5 | 90.69 | 47.87 | 47.17 | 47.54% | 120.23 |
| HDFC Asset Management Company Limited | 5 | 33.76 | 66.77 | 66.50 | 32.93% | 215.42 |
| Gaja Alternative Asset Management Limited | 5 | 16.47 | 7.17 | 7.17 | 16.47% | 53.73 |
| Nippon Life India Asset Management Limited | 10 | 43.99 | 24.05 | 23.63 | 34.48% | 73.01 |
| Nuvama Wealth Management Limited | 2 | 30.99 | 57.59 | 56.06 | 27.34% | 226.37 |
| UTI Asset Management Company Limited | 10 | 27.93 | 31.51 | 31.41 | 10.38% | 350.50 |
| ICICI Prudential Asset Management Company Limited | 1 | 45.95 | 66.73 | 66.73 | 85.80% | 84.39 |
Notes
Financial information of our Company has been derived from the Restated Consolidated Financial Information as of or for the financial
year ended March 31, 2026.All the financial information for listed industry peer is on a consolidated basis and is sourced from the financial information of such
listed industry peer available on the website of the stock exchanges/annual report, as of and for year ended March 31, 2026.P/E Ratio for the listed industry peer has been computed based on the closing market price of equity shares, on NSE for peers, as of
October 8, 2026, divided by the diluted EPS for the respective year end.Return on Net Worth = Profit for the period/ year/Average Net Worth. Average Net Worth represents average of Net Worth as of the
last day of the current year/ period and Net Worth of the last day of the previous year.Net asset value per Equity share = Total Equity /Number of Equity shares outstanding at the end of period/ year.
Total Equity is calculated as equity share capital plus other equity.
Anand Rathi Wealth Limited undertook a bonus issue (one bonus equity share of face value ₹5 each for every one equity share held).
Record date for the corporate action was June 3, 2026. The P/E Ratio considered is after taking into consideration this bonus issue by
retrospectively adjusting as if the event had occurred at the beginning of the period presented.
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to utilize the Offer Proceeds for the following Objects.
| Sr | Objective |
|---|---|
| 1 | The Company will not receive any portion of the proceeds from the Offer. All proceeds from the Offer shall be received exclusively by the Promoter Selling Shareholder. |
About EAAA India Alternatives Limited
EAAA India Alternatives Limited is an alternative asset management platform in India with more than 17 years of experience in managing long-term capital. The company was originally incorporated as Edelweiss Alternative Asset Advisors Limited on May 14, 2008, in Mumbai, Maharashtra. Its name was subsequently changed to EAAA India Alternatives Limited, with a fresh certificate of incorporation issued on August 30, 2024.
The company primarily operates across Real Assets and Private Credit. Its Real Assets business invests in infrastructure and commercial real estate through equity, quasi-equity and debt instruments, while its Private Credit business provides credit and flexible financing solutions across performing credit, special situations, real estate credit and investment-grade credit. The company also offers portfolio management services (PMS) and other investment solutions.
As of June 30, 2026, EAAA India Alternatives had Assets Under Management (AUM) of ₹95,344.88 crore and Fee-Paying AUM (FPAUM) of ₹48,623.18 crore. It managed funds for a diversified base of domestic and global institutional investors, ultra-high-net-worth individuals, high-net-worth individuals and family offices. The company had 11,009 client relationships, including 1,493 repeat clients, as of the same date.
The company and its key teams had 277 employees as of June 30, 2026, including 85 investment professionals. Its teams cover investment management, asset operating and management, client coverage, and enterprise and support functions.
Promoters
Edelweiss Financial Services Ltd.
Edelweiss Securities & Investments Pvt.Ltd.
Edel Finance Co.Ltd.
Edelweiss Global Wealth Management Ltd.
Contact details
EAAA India Alternatives Ltd.
Edelweiss House, Off C.S.T Road,
Mumbai City,Kalina
Mumbai, Maharashtra, 400098
Phone: +912240194706
Email: ipo@eaaa.in
Website: https://www.eaaa.in/
EAAA India Alternatives IPO FAQs
- When does EAAA India Alternatives IPO open and close?
- EAAA India Alternatives IPO opens on Mon, 26 Oct 2026 and closes on Wed, 28 Oct 2026.
- What is the EAAA India Alternatives IPO GMP today?
- The latest EAAA India Alternatives IPO GMP is 0 as of 20 Oct. GMP is an unofficial grey market indicator and can change quickly.
- What is the EAAA India Alternatives IPO allotment date?
- The EAAA India Alternatives IPO basis of allotment is expected on Thu, 29 Oct 2026. You can check your allotment status on the MUFG Intime India Pvt Ltd website.
- What is the EAAA India Alternatives IPO listing date?
- EAAA India Alternatives IPO is expected to list on BSE & NSE on Mon, 2 Nov 2026.
- Is the EAAA India Alternatives IPO a fresh issue or an offer for sale?
- It is entirely an offer for sale (OFS): existing shareholders are selling their shares, and the company does not receive any of the money raised.
- Who are the registrar and lead managers of the EAAA India Alternatives IPO?
- The registrar for the EAAA India Alternatives IPO is MUFG Intime India Pvt Ltd, and the book running lead managers are Axis Capital Limited, Motilal Oswal Investment Advisors Ltd, Jefferies India Private Limited and Nuvama Wealth Management Limited.
- How to apply for the EAAA India Alternatives IPO?
- Apply through your broker app or net banking using UPI or ASBA. Select the IPO, enter the number of lots and your bid (retail investors can bid at the cut-off price), and approve the UPI mandate before the issue closes on Wed, 28 Oct 2026.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.